HDB Financial Services IPO GMP Live: Rs 12,500 crore NBFC IPO kicks off for bidding; issue subscribed 37%...

HDB Financial Services has launched its much-anticipated Initial Public Offering (IPO), aiming to raise Rs 12,500 crore. This move marks a significant milestone for the non-banking financial company (NBFC) as it opens its doors to public investors. On the first day of bidding, the IPO saw a promising start, with the issue already subscribed to 37%, reflecting strong investor interest and confidence in the company's growth prospects. The IPO is a part of HDB Financial Services' strategic plan to bolster its capital base and expand its lending portfolio across diverse segments. Market analysts are closely monitoring the grey market premium (GMP), which serves as an indicator of investor sentiment and demand ahead of the shares being listed on the stock exchange. The positive response on the opening day signals healthy market anticipation, which could potentially drive up the GMP in the coming days. Investors are keenly watching the developments, as HDB Financial Services is a subsidiary of HDFC Bank, one of India's leading private sector banks. The company's robust track record in providing financial solutions and its strong backing have contributed to the optimistic outlook surrounding the IPO. As the bidding process continues, stakeholders are eager to see if this momentum sustains, setting the stage for a successful launch in the financial markets.

— Authored by Next24 Live